Answer:
5.84%
Explanation:
We use the RATE function that is shown in the excel. Kindly find the attachment below:
The NPER shows the time period.
Given that,
Present value = $45
Future value or Face value = $47
PMT = $2
NPER = 3
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
So, the annual compound rate of return is 5.84%
<span>FALSE. You must carry insurance on motorcycles as well as cars. </span>
The cost was $1.15 billion
Daily grinds inventory value = coffee maker with timer value x n units + coffee maker without timer in x n units
where:
coffee maker with timer value = $35000
coffee maker without timer = $10000
n= 5 units each
Daily grinds coffee maker inventory value = ($35000 x 5)+( $10000 x 5)
= $225000
